I watched more than a thousand startup pitches last year, and it feels like some founders woke up one day and decided they might ask a stranger for $5MM. Some lack the tools and know-how. Others treat capital raising as an improv. I find this puzzling, given the stakes involved.
The three-minute pitch format is hard, so you have to treat it as such. Within approximately 450 words, you must convince potential investors to consider giving you millions of dollars. This allows for roughly 18 sentences - each one needs to carry purpose.
Here's my template outlining the essential elements you must communicate in those 180 seconds:
I'm [Name] from [Company]. We help [target customer] solve [specific problem] by [unique solution].
This problem costs [industry/market] $X billion annually.
[Specific example] illustrates how this affects real customers.
Current solutions fail because [key insight about market gap].
Our solution [product name] works by [2-3 key features].
We've validated this through [traction metrics].
Our business model is [revenue model] with [unit economics].
The market opportunity is [TAM/SAM/SOM] with [growth rate].
Our team brings [key expertise/achievements].
We're raising $X million to achieve [specific milestones].
Most pitch competitions include a three-minute Q&A session following the presentation. This structure allows you to focus on core messages during the pitch, leaving details for the question period. Your objective is to generate enough interest to prompt relevant questions.
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The template above represents baseline requirements rather than aspirational targets. The differentiating factor lies in execution quality. If you're not willing to put in this level of preparation for a three-minute pitch, the listener is going to be questioning your commitment to the much harder task of building a successful company.
Note: This framework assumes a standard three-minute competition format. Specific requirements may vary by event.